Dow Today: Home Depot (HD) Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 61 points (+0.4%) at 13,961 as of Wednesday, Feb 27, 2013, 10:35 a.m. ET. During this time, 121.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 627.3 million. The NYSE advances/declines ratio sits at 2,091 issues advancing vs. 693 declining with 128 unchanged.
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The Dow component leading the way higher looks to be Home Depot (NYSE: HD), which is sporting a 59-cent gain (+0.9%) bringing the stock to $68.15. This single gain is lifting the Dow Jones Industrial Average by 4.47 points or roughly accounting for 7.3% of the Dow's overall gain. Volume for Home Depot currently sits at 2.6 million shares traded vs. an average daily trading volume of 6.5 million shares.

Home Depot has a market cap of $95.57 billion and is part of the services sector and retail industry. Shares are up 3.3% year to date as of Tuesday's close. The stock's dividend yield sits at 1.8%.

The Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell building materials, and home improvement and lawn and garden products to do-it-yourself, do-it-for-me (at D-I-F-M), and professional customers. The company has a P/E ratio of 22.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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